Fiera Capital Corp Acquires 2,340 Shares of BRP Inc. (NASDAQ:DOOO)

Fiera Capital Corp raised its holdings in BRP Inc. (NASDAQ:DOOO) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,768 shares of the company’s stock after purchasing an additional 2,340 shares during the quarter. Fiera Capital Corp’s holdings in BRP were worth $6,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Sei Investments Co. bought a new position in BRP during the first quarter valued at about $5,376,000. Shell Asset Management Co. grew its position in shares of BRP by 160.2% during the 1st quarter. Shell Asset Management Co. now owns 17,795 shares of the company’s stock valued at $1,196,000 after acquiring an additional 10,957 shares during the period. 1832 Asset Management L.P. raised its holdings in shares of BRP by 23.9% in the 1st quarter. 1832 Asset Management L.P. now owns 122,549 shares of the company’s stock worth $8,223,000 after purchasing an additional 23,678 shares during the period. National Bank of Canada FI lifted its stake in BRP by 17.6% in the first quarter. National Bank of Canada FI now owns 422,358 shares of the company’s stock valued at $29,664,000 after purchasing an additional 63,060 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new position in BRP in the first quarter valued at approximately $2,422,000.

Wall Street Analyst Weigh In

Several analysts have issued reports on DOOO shares. Desjardins lowered BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th. UBS Group dropped their price objective on shares of BRP from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Citigroup cut their target price on shares of BRP from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, September 9th. National Bank Financial lowered shares of BRP from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, August 21st. Finally, Scotiabank downgraded shares of BRP from a “sector outperform” rating to a “sector perform” rating in a report on Monday, September 9th. Seven equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $97.00.

BRP Trading Up 0.9 %

Shares of DOOO stock opened at $49.41 on Friday. The company has a market capitalization of $3.61 billion, a PE ratio of 20.50 and a beta of 2.07. BRP Inc. has a 52-week low of $47.98 and a 52-week high of $77.12. The business’s fifty day moving average is $57.75 and its 200 day moving average is $63.82. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.37 and a current ratio of 1.32.

BRP (NASDAQ:DOOO) last released its quarterly earnings results on Friday, September 6th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.23. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.35 billion. BRP had a return on equity of 79.58% and a net margin of 2.78%. On average, equities research analysts anticipate that BRP Inc. will post 2.3 EPS for the current fiscal year.

BRP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a dividend of $0.152 per share. The ex-dividend date was Friday, September 27th. This represents a $0.61 annualized dividend and a yield of 1.23%. BRP’s payout ratio is presently 25.73%.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.